USA for UNHCR accepted its first stablecoin crypto donation of $2.5 million from Binance Charity in 2022. The Binance USD (BUSD) donation provides humanitarian, legal and social assistance including psychosocial support and emergency shelter to families forced to flee Ukraine.
Helen Hai, Head of Binance Charity, said: “Every day we see more casualties, more destruction, more lives lost. Our hearts ache for the people of Ukraine. We are proud that we’ve been able to work with UNHCR to deliver its first BUSD crypto donation. UNHCR’s tireless efforts and second-to-none experience in assisting refugees makes them an obvious choice to support as part of our $10 million USD in crypto donations.”
As the war in Ukraine continued throughout 2022, the needs of those fleeing grew. Binance Charity’s donation come at an important time as UNHCR continued working with government authorities in the region, other UN agencies, local community groups and other partners to provide humanitarian assistance wherever possible.